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re: San Fran deer stand sells for 1.2 mil
Posted on 3/28/15 at 1:21 am to White Roach
Posted on 3/28/15 at 1:21 am to White Roach
quote:
You can either have a view of your pond in North LA for X dollars that is pretty much always going to be worth X dollars, or you can have a view of the Pacific Ocean for a million two, that'll more than likely be worth a million five in a few years. Which one is really the smart investment?
Or you can be under water on a $1.2 million mortgage after the next tech/real estate downturn, which could easily happen within the next few years.
This post was edited on 3/28/15 at 1:22 am
1
Posted on 3/28/15 at 1:46 am to OFWHAP
If you bought at the top of the local real estate market and had a zero down mortgage...
All financial markets have some degree of volatility. My point is that San Francisco isn't getting any bigger and the Pacific coastline isn't getting any longer. In the long term, that property value is going nowhere but up.
All financial markets have some degree of volatility. My point is that San Francisco isn't getting any bigger and the Pacific coastline isn't getting any longer. In the long term, that property value is going nowhere but up.
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